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Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Monday August 16.

Bullish Calls

Las Vegas Sands (NYSE:LVS), Wynn Resorts (NASDAQ:WYNN): "My gosh! That's the best stock in the bunch! I was going through the charts. LVS is one of the best stocks in the book. Why? Because it is levered to China, it is levered to Asian gambling. That means you can hold onto it. However, I think that, if you sell it and buy Wynn Resorts, you're even standing up to the best of breed. But congratulations. LVS... literally when I was going through the charts... I could not believe how great it was."

Hudson City Bancorp (NASDAQ:HCBK): "I cannot believe that that stock yields more than 5%. I cannot believe that it has fallen down to $11. I cannot believe that the buyers are just willing to let it languish. Buy, buy, buy!... I think you buy Hudson City aggressively. I know what people are worried about... higher property taxes in New Jersey... people feel that real estate is going to go down in value... I've got to tell you something... They loan so conservatively, I wouldn't worry about them. I think Hudson City is two thumbs up! I've got to tell you... I am... I was amazed that the stock was that low."

Bank of America (NYSE:BAC): "Yes! Because the tangible book value is $12.50... I can't believe how low this is! Just bought some... this may be the cheapest stock in the market. Bank of America is a buy... buy, buy, buy! You should stick with Bank of America."

Bearish Calls:

Western Digital (NASDAQ:WDC), Marvell (NASDAQ:MRVL), Seagate (NASDAQ:STX): "No, no... I have to tell you, the disk drives... Western Digital and Seagate ... they've come down a lot... And Marvell ... I still can't recommend them, because they are what's called, 'value traps.' Once they open the marginal new plant that makes disk drives, these stocks stay down, down, down... sell, sell, sell!"

Jabil Circuit (NYSE:JBL): "You know what? I look at... Jabil is the Washington Nationals... Jabil is the Baltimore Orioles. It doesn't deserve their fate. It should be higher. I think the stock is cheap. But you know what? I think the Nationals are cheap too, and nobody wants to touch them."

Veeco Instruments (NASDAQ:VECO), Cree (NASDAQ:CREE): "Too hard! I mean, after Cree, we learned our lesson. Now I like Cree, because of the other business that's not LED... I like the whole new revolutionary light bulb thing. But you are in a world of hurt with this Veeco and I'm not touching it. They did a guide down, but it looks like it's because of an acquisition. I don't want to touch it."

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Source: Cramer's Lightning Round - Viva Las Vegas (8/16/10)